Day: August 8, 2017

IMF backs Zim budget, monetary policy

The International Monetary Fund (IMF) has backed Zimbabwe’s budget and monetary policy reviews whose aim is to achieve a 3.7 growth rate by year end. The recently unveiled annual budget and monetary policy review for Zimbabwe has also attracted the interest of the IMF. While the global lender has set a 1.7 percent growth forecast for Zimbabwe’s economy, its resident representative Mr Christian Beddies recently told economic decision makers the fiscal and monetary reviews provide a tone for long term economic stable conditions. With agriculture and mining projected to register positive rates, inflation set to end at two percent;...

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Art group engages in recycling art

A visual art group in Wedza, Numwa Mother Support is using recycled garbage to create artworks that are proving popular with the locals. The art group is showing that society can get rid of its garbage by putting it to good use. Woven with colourful wool, the disposed garbage is turned into beautiful designs of handbags, food bags and hats. The group members explained the processes involved in crafting these creative and eye catching works which were recently exhibited during a function at Numwa Secondary School in Wedza. Formed in 2008, Numwa Mother Support Group was formed to assist...

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Green belt for Mutasa district

Plans to turn the entire Mutasa district into a green belt is fast becoming a reality with five water tanks that will be connected to the Pungwe water pipeline having been completed. Four others are now at various stages of construction and are set to be complete by December. Nine tanks with 500 000 litres capacity each are expected to be constructed in the district. They will provide water for irrigation and domestic purposes. Since the establishment of the Pungwe water pipeline in the early 80s, government made a deliberate decision that communities that live along the pipeline were...

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Woman uses herbs to contain HIV

An elderly Wedza woman Mrs Mary Shonhiwa’s life circumstances have shaped her into an inspiration to many others in Mashonaland East. She is the founder of the group Widows Together that runs a home herbal clinic where indigenous knowledge in the use of herbs is explained. The 52 year old woman has been living positively for about 30 years now and she has found the combination of traditional herbs, antiviral medication, a positive attitude and eating healthy as the best solution to contain her HIV. She further says upon realising she had contracted the virus, instinct led her to...

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All set for 2nd Heath Streak Africa Cup

Four countries will battle it out at this year’s edition of the Old Mutual Heath Streak Africa Cricket Cup set for the Heath Streak Cricket Academy Grounds in Bulawayo from Saturday the 12th to the 15th of August. The Under 14 T-20 franchise tournament enters its second edition following the inaugural 2015 event that saw Team Fazak Zimbabwe being crowned champions after getting the better of South Africa. Other participating franchises include Ecobank Namibia, Choppies Botswana and Pepsi Zambia in a tournament expected to grow to be a regional junior cricket extravaganza according to Heath Streak, the president of...

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FC Platinum gaffer upbeat

FC Platinum is looking for redemption when the Zvishavane side host Bulawayo City in a premiership encounter this Wednesday at Mandava stadium. The platinum miners head coach Norman Mapeza insists his script is still intact. Despite a 1-all home draw with Chicken Inn last Saturday, Mapeza is upbeat his side will rise to the occasion and collect maximum points this Wednesday. FC Platinum defender Elvis Moyo who has also scored a few goals for his team is singing the same redemption song as his coach hoping lady luck will act in his team’s favour in its bid for the...

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RBZ US$190m facility: Uptake increases

The uptake of US$190 million Reserve Bank of Zimbabwe facility for promoting exports and boosting productivity has increased to about 50 percent as companies’ hedge against funding challenges. The facility availed by the central bank to productive sectors of the economy is bearing fruit with the US$40 million for gold support facility having made a huge impact in the sector. According to figures from the RBZ, small scale gold miners account for 45 percent of gold deliveries last year and the first half of this year which also saw a 3.9 percent increase in deliveries. The uptake of the...

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